Which of the following strategies is recommended by Ken Lizotte for individuals who strive to be thought leaders?
A) avoid discussing evergreen concepts
B) submit only a few proposals at once
C) mimic the style of other experts
D) offer trend predictions
E) advocate untested ideas
D
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What is the appropriate treatment in an interim financial report for a LIFO liquidation?
A. The LIFO liquidation is always ignored for interim reporting. B. The LIFO liquidation should always result in replacement cost valuation of ending inventory on the interim balance sheet and the interim income statement. C. The LIFO liquidation should only be reflected in gross profit on an interim income statement if it is determined that it will not be replaced by year-end. D. The LIFO liquidation should always be reflected in gross profit on an interim income statement. E. The LIFO liquidation should always result in replacement cost valuation of ending inventory on the interim income statement but not the interim balance sheet.
Cash flows from operating activities include
a. selling goods and providing services. b. acquiring buildings and equipment. c. payment of dividends. d. retiring long-term debt. e. issuing stocks and bonds.
A bailment for a fixed term cannot be terminated before the end of the term by either party
Indicate whether the statement is true or false
Tatiana was laid off from her manufacturing job and in desperation launched a business providing transportation services for the non-drivers in her community. We would classify Tatiana as:
A. a social entrepreneur. B. a creative entrepreneur. C. a corporate refugee. D. a reluctant entrepreneur.